Shares of Lancashire Holdings Limited (LON:LRE) have been given a consensus rating of “Hold” by the fifteen brokerages that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 687.70 ($8.96).
Several equities research analysts have weighed in on the stock. Peel Hunt restated an “add” rating on shares of Lancashire in a research note on Friday, June 29th. Numis Securities upgraded shares of Lancashire to a “buy” rating in a research note on Thursday, July 26th. Berenberg Bank upgraded shares of Lancashire to a “hold” rating and set a GBX 600 ($7.82) price objective for the company in a research note on Wednesday, August 22nd. Barclays lifted their price objective on shares of Lancashire from GBX 659 ($8.58) to GBX 667 ($8.69) and gave the stock an “equal weight” rating in a research note on Wednesday, July 18th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 720 ($9.38) price objective on shares of Lancashire in a research note on Thursday, September 6th.
LRE traded up GBX 4.50 ($0.06) during trading on Friday, hitting GBX 619 ($8.06). The stock had a trading volume of 176,342 shares, compared to its average volume of 1,020,000. Lancashire has a twelve month low of GBX 542.50 ($7.07) and a twelve month high of GBX 773.50 ($10.08).
The company also recently disclosed a dividend, which was paid on Wednesday, September 12th. Shareholders of record on Thursday, August 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 16th. This represents a yield of 0.7%.
Lancashire Company Profile
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and a range of coverages in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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